BERA, July 14 ― Prime Minister Datuk Seri Ismail Sabri Yaakob today announced an allocation of almost RM65 million for the implementation of five initiatives to help the Federal Land Development Authority settlers and its new generation in various aspects, including housing.
Ismail Sabri said Felda had also allocated a revolving fund of RM10 million to provide more opportunities to start a business or increase the capacity of the business to entrepreneurs among the younger generation of Felda, involving interest-free loans of between RM5,000 to RM20,000 with applications to open in August.
“This means, if the total rent paid for 36 months is RM10,800, then the price they have to pay for a middle unit worth RM90,000 will be reduced to only RM79,200,” he said when officiating the Felda Settlers' Day 2022 celebration at Felda Rentam here today. Meanwhile, to help Felda rubber plantation settlers, Ismail Sabri said Felda would allocate RM6.1 million in management fund for 2022 to take over the management of the rubber collection centres from FGV Rubber Industries Sdn Bhd, which would reduce factory operating costs by 23 sen per kilogramme for dry rubber with an additional 5 sen when they reach the monthly target.
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